Sales: Retail Trade: Total Retail Trade: Volume for Australia
SLRTTO01AUA189N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99,303,625,000.00
Year-over-Year Change
38.65%
Date Range
1/1/1984 - 1/1/2022
Summary
This economic trend measures the total volume of retail trade in Australia, providing insights into consumer spending and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Retail Trade: Total Retail Trade: Volume for Australia series tracks the overall level of retail sales in the country, a key indicator of consumer demand and broader economic conditions.
Methodology
The data is collected through surveys of retail businesses and compiled by the Australian Bureau of Statistics.
Historical Context
This metric is closely watched by policymakers, analysts, and businesses to gauge the health of the Australian consumer sector.
Key Facts
- Australia's retail trade volume reached a record high in 2022.
- Retail sales account for approximately 30% of Australia's GDP.
- Consumer spending is a major driver of the Australian economy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total volume of retail trade in Australia, including sales of both goods and services by retailers.
Q: Why is this trend relevant for users or analysts?
A: Retail trade is a key indicator of consumer spending and overall economic activity, making this trend important for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of retail businesses and compiled by the Australian Bureau of Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and central banks closely monitor retail trade data to assess the health of the consumer sector and make informed decisions about monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with a short lag time. There may be some limitations in coverage or reporting, as with any survey-based economic indicator.
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Citation
U.S. Federal Reserve, Sales: Retail Trade: Total Retail Trade: Volume for Australia (SLRTTO01AUA189N), retrieved from FRED.